Mrkawfee@lemmy.world to Today I learned@lemmy.ml · 21 days agoToday I learned that the top 10% of earners in the US account for almost 50% of consumptionwww.morningbrew.comexternal-linkmessage-square16linkfedilinkarrow-up184arrow-down13cross-posted to: til@lemmy.ca
arrow-up181arrow-down1external-linkToday I learned that the top 10% of earners in the US account for almost 50% of consumptionwww.morningbrew.comMrkawfee@lemmy.world to Today I learned@lemmy.ml · 21 days agomessage-square16linkfedilinkcross-posted to: til@lemmy.ca
minus-squaremonotremata@lemmy.calinkfedilinkEnglisharrow-up5·20 days agoI’ve seen the term “plutonomy” (like, an economy for plutocrats) to refer to this. At this point almost all economic activity involves the rich, because the rest of us don’t have enough money to amount to much.
I’ve seen the term “plutonomy” (like, an economy for plutocrats) to refer to this. At this point almost all economic activity involves the rich, because the rest of us don’t have enough money to amount to much.